Help With Student Loans - HERE!

moob_2

Oldernotwiser wrote: »

I'm happy to let the topic drop; as you say, it's off topic. However, having spent virtually the whole of my working life in and around FE and HE I am fully aware of how complex the issue is. I was keeping it simple so that you could understand it!

I do hope you're not attempting to be patronising.:rolleyes:

Oldernotwiser wrote: »

But they weren't! You got hold of the wrong end of the stick and thought that the interest rate was only 1% and that repayments were deducted annually. That's your problem, not the politicians'!

I wasn't referring to my misinterpretation of the 1% issue - you wrongly assumed so - I'm referring to, amongst other matters, the manifesto of the Labour Party some considerable time ago.

All but a single post previous, you had apparently dropped this topic...

moob_2

The_One_Who wrote: »

Politicians also make and break promises every day. I'm surprised that this comes as a shock to you.

You don't say?:rolleyes:

Oldernotwiser

moob wrote: »

I do hope you're not attempting to be patronising.:rolleyes:

No, I was succeeding!:D

rsnapey

I graduated in 2002 with a student loan debt of 12k. I;ve been earning over 15k (the repayment threshold) since June 2004, but I've not once had a student loan deduction from my salary. This was convinient for a while whilst I was earning below 20k, but I can now afford the repayment quite comfortably. I'm just a little worried what the Student Loan Company might do if I contact them - will I be in trouble for not mentioning it before? Has anyone experienced this before?

moob_2

Oldernotwiser wrote: »

No, I was succeeding!:D

You could only be patronising if you held the high-ground over me in any way, shape or form, and given your vocation, I find that not only highly debatable, but laughable.:o

dannii_dannii

hi,

my daughters off to university next year. how much money would anyone recommend i give her each term?

GrammarGirl

rsnapey wrote: »

I graduated in 2002 with a student loan debt of 12k. I;ve been earning over 15k (the repayment threshold) since June 2004, but I've not once had a student loan deduction from my salary. This was convinient for a while whilst I was earning below 20k, but I can now afford the repayment quite comfortably. I'm just a little worried what the Student Loan Company might do if I contact them - will I be in trouble for not mentioning it before? Has anyone experienced this before?

I don't want to state the obvious, but just have a check of your payslip to make absolutely sure they're not taking any payments. I had a similar problem in that I was earning over 15k and thought (wrongly) that the payments were not being taken... after scrutinising my payslip, I discovered the payments had been coming out for quite a while!

If you definitely haven't been paying your loan since you graduated, I would ring the student finance company immediately. I graduated in 2007 and it was drilled into me that once I earned over 15k I HAD to make repayments, and ultimately it was my responsibilty to make sure this happened.

Incidently, I now earn well over 15k but still only make the minimum repayment each month... the official (!!) advice is to only make the minimum repayments for the rest of your life (again, !!!) rather than try to pay your loan off, as the SLC will never hassle you for the full amount to be paid. Anyone know if this is correct?

lovely_jubly

Can any one help? I am having a panic .My fella has gone back to college at 25v to do a year of teacher trainning. We have lived away from his parents for about two years and his course started on the 1st of September and he turned 25 on the 20th of Sept. For this reason he is not classed as independant and has been asked for his parents to fill in details? Is this right? Should it go off his parents wage as an adult?

Sorry for the rant.

xxxx

Oldernotwiser

lovely_jubly wrote: »

Can any one help? I am having a panic .My fella has gone back to college at 25v to do a year of teacher trainning. We have lived away from his parents for about two years and his course started on the 1st of September and he turned 25 on the 20th of Sept. For this reason he is not classed as independant and has been asked for his parents to fill in details? Is this right? Should it go off his parents wage as an adult?

Sorry for the rant.

xxxx

Where he's been living is irrelevant. If he's supported himself for a total of 3 years (working or on benefits) then he should be counted as independant. He'll need P60s or benefit details to confirm this. Doing his undergraduate degree doesn't count towards this period.

If he fits these criteria, his loan/grant will be assessed on your income instead.

Edit;If you and your "fella" are married or in a civil partnership then that would also class him as independent.

lovely_jubly

Thnaks so much for the help